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and politics in the persian gulf. and really focus on the prominence of this area and the energy market. the persian gulf area as 60% of the world's proven oil reserves. and 40% of the world's proven gas reserves. in fact, six of the top 40 in the countries in terms of proven oil reserves are and the gulf. five of the country's top oil producers are also located there as well. the added states foreign policy, toward the persian gulf, has focused on ensuring the free flow of oil from the gulf to global markets. and opposing the nomination of that area. traditionally, the soviet union, but in recent decades, iraq under saddam hussein. this has embroiled us and two wars. and lead to a significant military, a commitment of military assets in the area. the question arises regionwide is the united states extended such efforts and so much of its assets? when we are a number three oil producer in the world. and we import less than 20% of our crude imports from the gulf. these are the issues we will explore today. is the global energy marketplace changing? is the persian off oil and gas still im
, respond to what she said. >> regarding oil, if anybody thinks by raising taxes on energy producers will not be passed on, they will pass all of those off to our motorists and homeowners and everybody knows that. if you want to have a comprehensive discussion about energy, we should have it, a true all of the above approach. she is against the keystone pipeline. she is also against -- in favor of wind and solar, but we need more of an approach in that. let me talk about the buffet rule as well. the buffett rule, it funds the government for a day. more importantly, we have our own buffett rule in massachusetts. when she has been talking about everybody paying higher taxes, she had a choice to pay higher taxes herself, and she chose not to do that. number three, all of her criticisms on me is i do not want to raise taxes. that is correct. i do not want to raise taxes on any american in the middle of recession. when i go to businesses, they do not say take all my money and bring it to washington. they say we have been taxed and regulated enough, and the only person here who is a fiscal
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